Bridgestone Corporation · TSE:5108

Bridgestone — FY2015 Earnings Presentation

19 slides from Bridgestone's earnings presentation, Feb 17, 2016

  1. Slide 1: Financial Results for Fiscal 2015

    Financial Results for Fiscal 2015 Bridgestone Corporation February 17, 2016

  2. Slide 2: Contents

    Contents 1. Business and Financial Performance for Fiscal 2015 P. 3 2. Consolidated Projections for Fiscal 2016 P. 9 Copyright © 2015 Bridgestone Corporation | Feb.17, 2015 2

  3. Slide 3: 1. Business and Financial Performance for Fiscal 2015

    1. Business and Financial Performance for Fiscal 2015

  4. Slide 4: Business Environment Surrounding Bridgestone Group in 2015

    Business Environment Surrounding Bridgestone Group in 2015 ◆ Estimated Tire Demand ◆ Currency Exchange Tire Demand for 2015 : Original Equipment (VS 2014) Passenger Truck and Bus 2015 (Ref.) Radial Tires Radial Tires 2nd Full Fiscal 1st half half Year 2014 Japan 95％ 100％ N. America 104％ 108％ US Doll

  5. Slide 5: Consolidated Results for Fiscal 2015

    Consolidated Results for Fiscal 2015 Yen/US Dollar rate: 106 121 +15 121 (Yen in billions) Yen/Euro rate: 140 134 (6) 134 （Reference 2014 2015 Nov. 9, 2015 announcement） Results Results VS PY (%) 2015 Projections Net Sales 3,673.9 3,790.2 +3 3,900.0 Tires 3,093.3 3,174.4 +3 Diversified 601.8 635.0 +

  6. Slide 6: Analysis of Consolidated Operating Income for Fiscal 2015

    Analysis of Consolidated Operating Income for Fiscal 2015 (Yen in billions) 500 450 517.2 400 478.0 Raw Materials +121.0 350 Price, Mix, Volume etc. Foreign SGA Depreciation Strategic Exch. Gain (128.8) (12.0) Products (1.0) +55.0 +5.0 300 2014 2015 Operating Income +39.2 Operating Income *Figures w

  7. Slide 7: Financial Results: Geographic Segments

    Financial Results for Fiscal 2015 : Geographic Segments (Yen in billions) （Reference 2014 2015 Aug 7, 2015 announcement） Results Results VS PY (%) 2015 Projections Japan 1,264.9 1,187.8 (6) 1,220.0 The Americas 1,768.1 1,941.6 +10 1,980.0 Europe 439.2 421.7 (4) 420.0 Other Regions 841.5 838.0 － 880.

  8. Slide 8: B/S and C/F Highlights for Fiscal 2015

    B/S and C/F Highlights for Fiscal 2015 (Yen in billions) FY 2014 FY 2015 (As of Dec. 31, 2014) (As of Dec. 31, 2015) VS. Dec. 31, 2014 Total Assets 3,960.9 3,795.8 (165.0) Total Equity Ratio of 2,146.6 2,282.0 +135.3 total equity to total assets (%) 52.4 58.2 +5.8 Interest-Bearing Debt (Net) 202.8 1

  9. Slide 9: 2. Consolidated Projections for Fiscal 2016

    2. Consolidated Projections for Fiscal 2016

  10. Slide 10: Business Environment Surrounding Bridgestone Group in 2016

    Business Environment Surrounding Bridgestone Group in 2016 ◆ Estimated Tire Demand ◆ Currency Exchange Tire Demand for 2016 : Original Equipment (VS 2015) Passenger Truck and Bus 2014 2015 2016 Radial Tires Radial Tires Japan 101％ 103％ US Dollar 106 121 115 N. America 100％ 94％ Europe Euro 140 134 12

  11. Slide 11: Consolidated Projections for Fiscal 2016

    Consolidated Projections for Fiscal 2016 Yen/US Dollar rate: 121 115 (6) (Yen in billions) Yen/Euro rate: 134 127 (7) 2015 2016 Results Projections VS PY(%） Net Sales 3,790.2 3,750.0 △1 Tires 3,174.4 3,100.0 △2 Diversified 635.0 650.0 +2 Products Operating Income 517.2 520.0 +1 （Ratio）13.6% （Ratio）

  12. Slide 12: Analysis of Consolidated Operating Income for Fiscal 2016

    Analysis of Consolidated Operating Income for Fiscal 2016 (Yen in billions) Exchange rate Sensitivity (full year) 525 USD：3.2bil. Yen EUR：0.3bil. Yen 500 475 Foreign Exch. Loss (41.0) 520.0 517.2 Raw 450 Materials +62.0 Price, Mix, SGA Volume etc. 425 (40.0) +16.7 Depreciation Strategic (19.0) Produ

  13. Slide 13: Financial Projections for Fiscal 2016: Japan

    Financial Projections for Fiscal 2016 : Japan Key points in 2016 • Stronger Japanese yen • Raw Material Index clauses • Pre-buy demand before consumption tax increase in 2H • Decrease mining tire sales in 1H • Sales growth with profit increase in Diversified Products business (Yen in billions) 2016

  14. Slide 14: Financial Projections for Fiscal 2016: Americas

    Financial Projections for Fiscal 2016 : Americas Key points in 2016 • Stronger Japanese yen, weaker LA currencies • New Products Passenger: SUV, Fuel efficiency tire Truck and Bus: ECOPIA etc. • Increase sales volume, Improve conversion cost (Yen in billions) 2016 Tire Sales (REP+OE, unit base, vs.P

  15. Slide 15: Financial Projections for Fiscal 2016: EMEA

    Financial Projections for Fiscal 2016 : EMEA Key points in 2016 • Transformation • Increase Sales and profit w/o impact of scope change. (Including Middle East & Africa.) • New Products Passenger: RFT new product, etc. • Increase sales volume, Improve conversion cost (Yen in billions) 2016 Tire Sale

  16. Slide 16: Financial Projections for Fiscal 2016: Other Regions

    Financial Projections for Fiscal 2016 : Other Regions Key points in 2016 • Stronger Japanese yen • Increase profit w/o impact of scope change. • Increase sales volume, Improve conversion cost • Asia: Moderate recovery • China: Growth driven by Passenger Tire Rep sales (Yen in billions) 2016 Tire Sal

  17. Slide 17: Trend of Net Sales, Operating Income, ROA, ROE

    Trend of Net Sales, Operating Income, ROA, ROE Copyright © 2015 Bridgestone Corporation | Feb.17, 2015 17

  18. Slide 18: Trend of Dividend・Pay Out Ratio

    Trend of Dividend・Pay Out Ratio (＊) ＊excluding Loss on deconsolidation of a subsidiary Copyright © 2015 Bridgestone Corporation | Feb.17, 2015 18

  19. Slide 19: Forward-looking statements notice

    Statements made in this presentation with respect to Bridgestone's current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Bridgestone. Forward-looking statements include, but are not limited t

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